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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. pefully they will wake up to that. at some point washington works for us and not them. why can't they sacrifice and spend less of wour money so w don't have to pay more. a union blitz against private companies is a victory by big labor about to drive up the fax spill. wait uil you hear this coming up next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a otective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. your latest healines always at fox news.com. >> a business hit for speaking your mind about obama care. warning that their earnings are take a hit because the bad press press they got. victorias job creators can't afford to stay quiet. >> it is it a frightening society. one where business owners can't speak their mind and say taxes do hit their
long-answer is better prepare people for the needs of the 21st century economy . broken communities and families and schools are not doing that. >> i don't think the government a are doing it either. >> taking a hit for hitting the health care law. >> the name behind red lobster could have you paying up even more. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but...
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goalets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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as far as the economy goes, not really a cliff. more like a slope and we are going to see most likely an economic slow down where jobs are going to slow down because we're not going to see companies expand. we're not going to be seeing them grow and this economy that we've been hoping to see in recovery really headed in the other direction. we can really face a recession, but not something we're going to see january 2nd, 3rd and 4th. >> people hear you say smaller paychecks. what about the payroll tax hike? >> it is a negative. people need to prepare that come the new year they are going to get less money in they paychecks. for those who haven't had a long time for a very long time or living paycheck to paycheck this is a big issue. earlier this week we spoke to the president of pennsylvania that people are pouring in reaching out to their local legislatures saying help us get some compromise because in this economy people simply can't afford it and it is january 2nd right after the new year when it will affect paychecks and one of
as far as the economy goes, not really a cliff. more like a slope and we are going to see most likely an economic slow down where jobs are going to slow down because we're not going to see companies expand. we're not going to be seeing them grow and this economy that we've been hoping to see in recovery really headed in the other direction. we can really face a recession, but not something we're going to see january 2nd, 3rd and 4th. >> people hear you say smaller paychecks. what about...
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bp ot, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. our military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically be sequesredded in. all other government programs share the rest. defense, half of them 80 other programs with the other ha. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate impact would be on operations and maintenance. bacally, cuts in training, programs will deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these properly. wheneverou talk about budget cuts, usually, you have a premise that what are the threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to fund the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it's going to be very dangerous for us. it's not that the def
bp ot, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. our military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically be sequesredded in. all other government programs share the rest. defense, half of them 80 other programs with the other ha. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do...
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but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top two rates, top 2%, virtually no impact. to jonas' point if you raise taxes the lot and cut spending a lot and so austerity plan, that would have an impact. democrats were for pouring more money into the compli with stimulus and republicans wanted austerity and jonas' point is an argument against what conservatives were pushing for. >> brenda: all right. toby. >> what's the question? >> driving a smar
but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study...
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so at this point the chinese economies just coming out of a 7 7.25% decline. at this point we're looking for the economy to gain momentum in the new year. as a matter of fact, we're looking for gdp numbers of 8% in 2013. >> jing, enjoy the weekend. i hope to see you again very soon. thanks for coming on. >> thank you very much. >> jing all rim ulrich of jpmor >> for those who don't follow it as closely, you've been among the biggest china bears in then tire year. what made you buy the fxi? >> the stock market's been so depressed i thought it could move higher particularly with the new regime coming in and they're talking about stimulating the economy more than i thought they would. still have concerns. what jing didn't mention is that europe is getting worse and part of the reason that china has slowed is because of europe. but nonetheless i didn't want to miss it and turn around in three months and say, you know what? i miss add huge move. i bought the fxi. i'm no longer short on the iron ore stocks. >> apple, that stock has moved even lower than it was earli
so at this point the chinese economies just coming out of a 7 7.25% decline. at this point we're looking for the economy to gain momentum in the new year. as a matter of fact, we're looking for gdp numbers of 8% in 2013. >> jing, enjoy the weekend. i hope to see you again very soon. thanks for coming on. >> thank you very much. >> jing all rim ulrich of jpmor >> for those who don't follow it as closely, you've been among the biggest china bears in then tire year. what...
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economy. describe the u.s. economy through those figures. >> u.s. economy is creating jobs. right? which means that it's doing a bit better and some people have decided that they were going to open new positions, which is a sign of trust in the economy. in addition to that, you have got a housing sector, which has begun to pick up, at least it's bottoming out now. you've got households that have reduced their debt in general, so you have quite a few signs that the situation is beginning to improve from, you know, five years of crisis, essentially. yet not all numbers are good. if you look at the deficit, high, much higher in the u.s. than in the euro zone for instance. if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal defic
economy. describe the u.s. economy through those figures. >> u.s. economy is creating jobs. right? which means that it's doing a bit better and some people have decided that they were going to open new positions, which is a sign of trust in the economy. in addition to that, you have got a housing sector, which has begun to pick up, at least it's bottoming out now. you've got households that have reduced their debt in general, so you have quite a few signs that the situation is beginning...
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what is going on with this economy? and what happens next year? former cbo director ins us next. ♪ lou: joining us now, theformer director of the congressional budget ofice, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president of the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker todaactually said these words. the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. are you emotionally moved? do you think the nation is galvanized? >> i don't know if the nati is galvanized in the but i will be honest to my nervous about this. i view the clippers a genuine economic threat and a ripe for recession. we heard the secretary of treasury said earlier this week that he was prepared to go over the cliff, which i found shocking as the top economic official in an administration. if that is the strategy, it is a very, very dangerous
what is going on with this economy? and what happens next year? former cbo director ins us next. ♪ lou: joining us now, theformer director of the congressional budget ofice, former commissioner of the financial crisis inquiry commission, how many shows can brag that we have had two members of the commission on the same night and, as well, president of the american action form. pretend you're. >> thanks. lou: fighting words in washington. the speaker todaactually said these words. the...
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it's bad for -- it's certainly bad for the economy and it's also been bad for the economy brand. it's the reason that they were unsuccessful in the polls and by two to one if we don't reach a deal for the fiscal cliff. and it's also the reason why you see voters very clearly support having the wealthiest pay a little bit more. it the one proposal that is consistently -- it received strong support from a ma sdwrort majority of reporters and they dig their heels in and say we don't support this. they are on the wrong side of politics, wrong side of what history supports. it's just a bad strategy all the way around. >> now, what happened last time we held the debt ceiling hostage, it led to the first credit down grade in u.s. history. the stock market dropped 1300 points in 2011 and the gop rating dropped 11 point, congresswoman. do we needç to play this game again? >> no. and that's why the president went to the business roundtable. this is a very unpopular and there are real kwens. the downgrading of our credit rating is consequential to say that he's not playing that game anymo
it's bad for -- it's certainly bad for the economy and it's also been bad for the economy brand. it's the reason that they were unsuccessful in the polls and by two to one if we don't reach a deal for the fiscal cliff. and it's also the reason why you see voters very clearly support having the wealthiest pay a little bit more. it the one proposal that is consistently -- it received strong support from a ma sdwrort majority of reporters and they dig their heels in and say we don't support this....
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the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong direction towards the positive direction. you are seeing a mixed bag with stocks now. that's because, you know, despite the huge shocker of this report that was a surprise to the upside, investors see it is they are going to be cautious about this because the reality is you look at that jobs report and a lot of those jobs that were added were seasonal ones. retail, travel and leisure. guess what. the real question here is how many of those jobs are going to go away putt
the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers....
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if we raise taxes wickets in the economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the political or economic will be severe. i want to credit. i don't know if you read his piece entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if you will be the mouthpiece of political choreography because republican party right now, the party of free enterprise and individual freedom, self-reliance, and lower taxes and smaller government is on the verge of giving up its claims on lower taxes, smaller government, and, perhaps, perhaps migrated dependency, less individual freedom and self-reliance. it gives not much for the party to cling to politically. lou: here is the thing. the facts are actually on our side. when bush cut the tax rates in 2003, do you know what happened? more revenue. the percentage of that revenue. >> adelle want to give the full answer to this. we saw the slowest job creation. it was only matched by the procession of 2008 and nine. this is such a comp
if we raise taxes wickets in the economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the political or economic will be severe. i want to credit. i don't know if you read his piece entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if you will be the mouthpiece of political choreography because republican party right now, the party of free enterprise and individual freedom, self-reliance, and lower taxes and...
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president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion a year in expenses. but they won't be cheap, resulting in a billion-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if that includes cutting staff. and the need to
president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion...
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economy? >> i don't think that it's enough. there is still that degree of uncertainty, that fuels doubt, that prevents investors, entrepreneurs, and house olds from making decisions, because they don't know what tomorrow will be. they know a fix has been found for today, but there is still work to be done. it would be much better to have a comprehensive approach. >> what is your level of confidence right now three weeks before something needs to be done? >> well, my confidence is deeply rooted in the affection that i have for the united states. it's history, it's characteristics, it's culture. i believe there is a sense of being practical, addressing the issues, rather than dancing around and avoiding issues that i have seen in this country and that is described by many observers, economists or writers, and i certainly hope that sense of pragmatism will prevail, and will bring people to look at a broader picture than, you know, what happens within the beltway if i may say. >> you also, i think
economy? >> i don't think that it's enough. there is still that degree of uncertainty, that fuels doubt, that prevents investors, entrepreneurs, and house olds from making decisions, because they don't know what tomorrow will be. they know a fix has been found for today, but there is still work to be done. it would be much better to have a comprehensive approach. >> what is your level of confidence right now three weeks before something needs to be done? >> well, my confidence...
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what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the january 1st deadline is going to mean that much. we would only worry about the worst-case scenario with the economy contracting if there is a real stalemate and both parties walk away from the talks. we don't expect that. we're beginning to see some signs there is some willingness to compromise on both parties. >> susie: as we said from the start, you're pretty positive on the tlok.o gary thayer of wells fargo advisor. >> susie: los angeles and long beach port workers were back at work today, ending a costly eight-day strike. the ports were crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work s
what will you be saying at the start of the year about the outlook for the economy and jobs. >> a lot of people are focused on the january 1st deadline. we don't think if we don't have an agreement by january 1st that everything falls apart. what we're watching very closely is if there is still negotiating taking place. if we still see both sides talk, i don't think the january 1st deadline is going to mean that much. we would only worry about the worst-case scenario with the economy...
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impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mil
impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will...
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to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of the people at heart. over the last ten years what they've seen is their own income, family income, has not kept up with the enormous pace of the growth of the economy. they feel ultimately they're not winning out. what the government has to do is figure out a way to reassure people that they are in fact the number one priority. you've heard this over and over again in the first language from this new president. when he gave the first speech he put aside some of the old language about socialism and chinese characteristics and a h
to a consumption economy. they need to free up some sectors, stop subsidizing state owned banks and national champions, they need to do political reform. but what do they think they need to do? >> if you talk to people on the street in beijing these days where i love, what you hear from people over and over again is fundamentally the same thing. they want their expectations of this government to be fulfilled. they want to know fundamentally that this government has the best interest of...
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. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened thank you. for us that is it good night fr new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it is dead. i am neilavuto, allow me to be so blunt to say, what else can you saybout a light taken out of the party, rublicans who 1 proudly school their taxrowned over decades, seeding that and then some over weeks, only real debate among the grand old party is how much to hike taxes, not if. i did not know they lost their backbone. starting 800 billion in tax hikes to match the president, shouldn't surprise anyone whetr we doubled that to $1.6 trillion, that will become the new starts point for the president. new york times and front page story praising john boehner's grip to the party here, appears to be towing
. >> deal or no deal, i don't think it matters this is just a dog and pony show, the economy is in trouble. lou: thank you very much. appreciate it. on that happy note. >> thank you, lou. lou: what the bleep just happened thank you. for us that is it good night fr new york. neil: influential tea partier jim demint is leaving senate captain, and john boehner removing tea party party from all leadership posts first indicated it. stick a fork in him, the republican party as we know it...
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we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they spent four years obstructing this president and failed, why do it again from the outset of his second term? >> well, you know, there's good news for the republicans, martin. karl rove's group, crossroads gps is going to spend some money for some ads, and we know that's a successful strategy in convincing the american people. >> that's good news. >> i can't pass that chance up to do that. >> i understand. >> i think part of what's so important about the polling, we talked about this on monday and the quinnipiac polling you were showing, the republicans ha
we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they...
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now d when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. to solve problems, you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those prop
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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find out what's really happening to the global economy. there are no holds barred global financial headlines kaiser reports. the mission and free accreditation free in-store charges free arrangements free. free. free. download free books clothing. free media. tom. kelly. show and an issue museum doesn't matter you. the residents never profit from the performances you'll see of coming our signature when you look up. right now. shelves become income mortal danger and a piece of art it's still. pretty. on our team. you. see these. are you don't want to. be like this again. no no no no no. it isn't going to happen but when. i was your company i thought there are. people that have nothing. my father everybody has and i write afghanistan martin for. my. mother that i can are back. in new york i am from new york city and if. there's no owner and i don't. mind. yes i guess. ok let's just be honest here for a moment for some people this is and justifiably so a battle about a police state since one thousand a.d. the number of people in prison per ca
find out what's really happening to the global economy. there are no holds barred global financial headlines kaiser reports. the mission and free accreditation free in-store charges free arrangements free. free. free. download free books clothing. free media. tom. kelly. show and an issue museum doesn't matter you. the residents never profit from the performances you'll see of coming our signature when you look up. right now. shelves become income mortal danger and a piece of art it's still....
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it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we have a lot of debt and there has to be some pain whether it be in cuts or the form of higher tax revenues, it means there has to be some pain. $2.8 trillion. that's 17% of our debt wiped out overnight. if you're worried about the debt, how can't you look at that seriously? >> well, the reason i would say it's not going to be 17% of our debt on that because right now, we're running a trillion dollar deficit year single year. if we went back to zero, we're rebalanced. right now with the fourth year in a row, that deficit and debt continues to climb. so it doesn't really wipe it out and the challenge of it is what does that do to the overall economy. we're not just dealing with one tax increase as well. a lot of people lose track of that. the affordable care about actually begin on january 1st as well for people making $200,000 or more. or people having large medical bills. this is talking about an additional tax incr
it would slow down the economy. >> when you look at economist's evaluations, it would slouw dow the economy. it would. there's no question about it. but if the problem is that we have a lot of debt and there has to be some pain whether it be in cuts or the form of higher tax revenues, it means there has to be some pain. $2.8 trillion. that's 17% of our debt wiped out overnight. if you're worried about the debt, how can't you look at that seriously? >> well, the reason i would say...
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i think there are ramifications for the whole british economy. we've had an amazing year as well. we've had the jubilee and the olympics and now we're going to have a royal baby. now is the name game. hot money is on elizabeth. the problem is i'm not sure what it will be if it's a boy. >> okay. >> king steve. >> "way too early" is the name of the show. it's also the concept for the story. thank you very much. as always, let us know why you're awake. >> i think steve will be a great name. >> let's not talk about it until she's ready. shoot us an e-mail or tweet us and let us know why you're awake this early. we'll read the best responses later in the show. still ahead on "way too early," the nfc east just got interesting. rg-3 and the redskins pull off a close win against their rivals, the new york giants. full highlights next in sports. >>> plus, jon stewart is fed up with gridlock in washington. we'll show you his hilarious take on filibuster rules. >>> and we'll check the weather because we have to. it's part of his contract. i'm done! "are you a cool mom?" i'm gonna find out. [
i think there are ramifications for the whole british economy. we've had an amazing year as well. we've had the jubilee and the olympics and now we're going to have a royal baby. now is the name game. hot money is on elizabeth. the problem is i'm not sure what it will be if it's a boy. >> okay. >> king steve. >> "way too early" is the name of the show. it's also the concept for the story. thank you very much. as always, let us know why you're awake. >> i think...
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Dec 8, 2012
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. there you will find the promise of tomorrow. their journey is also our nation's destiny. and if they can give their children what our parents gave us, well then life in 21st century america can be better than it has ever been. may god bless all of you. and may god bless the united states of america. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on friday, vice president joe biden v
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean...
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economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. i've got a nice long life ahead. big plans. so wh
economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting for the american idea. the belief that everyone should have the opportunity to rise. to escape from poverty. to achieve whatever your god-given talents and hard work enable you to achieve. wow. it's the honey, it makes it taste so... well, would...
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we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
SFGTV2: San Francisco Government Television
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Dec 7, 2012
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we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of the u.s. conference of mayors, and they allow me to represent san francisco as the innovative center for all the rest of the cities across the country. so we get to compare information and there. what these days i will get to talk to you while i am in washington, d.c., and you can hear what i am saying across there, so we can enjoy it -- wherever i go, you know i will be working and not fooling around. finally, we also are using technology to join our private companies in hiring san franciscans. hopefully some of your kids, some of your grandkids as well, are going to enjoy some of these great jobs in san francisco, because the companies that are here, many of them have agreed to use the virtual hiring practice called hiresf.org and share the technology to hire online send franciscans. we're
we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of the u.s. conference of mayors, and they allow me to represent san francisco as the innovative center for all the rest of the cities across the country. so we get to compare information and there. what these days i will get to talk to you while i am...
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for example, the need for what they call a pro-growth economy, like senator ron johnson. let me play for you what he had to say. >> this president simply doesn't understand that and as a result he's going to punish success, put at risk the economic growth that we really need to create jobs, revenue that we need. >> this is sort of the talking point that we've been hearing all along. is there any indication around capitol hill that there is some softening on that? >> i don't even know what that means, putting -- basically, i believe that the argument is that only by decreasing taxes can you lead to growth. there is a lot of historical evidence that that is not necessarily the case. i think the issue for the gchop right now is whether the tax cuts expire for everyone or whether for only those with income over $250,000. >> let me bring in jim from the national journal. jim, we had a little technical problem there. let me ask you about what she said said. can anything be decided at all until a decision is made about who is going to have tax cuts expire if it's just going to b
for example, the need for what they call a pro-growth economy, like senator ron johnson. let me play for you what he had to say. >> this president simply doesn't understand that and as a result he's going to punish success, put at risk the economic growth that we really need to create jobs, revenue that we need. >> this is sort of the talking point that we've been hearing all along. is there any indication around capitol hill that there is some softening on that? >> i don't...
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this is a deal that needs to happen for the economy to move forward. yeah, maybe an mna transaction giv gives growth to one company and makes profitability better. this is a lot more important than doing an mna transaction. this is about people's lives. frankly, people want answers. i think the time for hiding everything under a rock is sort of like it was yesterday. >> it's not so much hiding it under a rock. it's getting to basic principles. one way the mna process is better is that people agree to it and have a multifaceted communication program. it isn't another debate. it isn't a series of, you know, this is my point of view, and if you don't agree with me, you're wrong and how could you think that way. it's organized, and it's sold. i don't mean improperly. we got the sec. we have the rest of it. it's explained in organized fashion. when you just go out and continually -- this has been an extension of the debates. it hasn't moved the needle at all. hopefully, behind the scenes stuff is going on. although, both sides claim that's not happening. >>
this is a deal that needs to happen for the economy to move forward. yeah, maybe an mna transaction giv gives growth to one company and makes profitability better. this is a lot more important than doing an mna transaction. this is about people's lives. frankly, people want answers. i think the time for hiding everything under a rock is sort of like it was yesterday. >> it's not so much hiding it under a rock. it's getting to basic principles. one way the mna process is better is that...
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is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility regulation that's one area in our economy where your right to be heard and have public interest in is embedded into the regulatory system unlike the oil industry and gasoline provision which is a utility function. it isn't regulated in the public interest. to come back to this price discussion here, the history of oil and gas prices, the history of commodity prices in general is that they fluctuate. they go up and down, and on the base of price signals, people shut down wells when pieces are too low, supply contracts, prices go up and people boom. >> it's a
is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility...
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. >>> welcome back to "starting point." i'm christine romans. minding your business, u.s. oil production reaching its highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, f
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. >>> welcome back to "starting point." i'm christine romans. minding your business, u.s. oil production reaching its highest level in nearly 15 years. this is according to a new report from the energy information administration. daily...
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we cannot allow the reckless position drive this economy into another recession, a recession the republicans will own. >> a white house aid says they have kept the press's schedule open as you would expect. >>> despite these contentious fiscal cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of state yesterday on "meet the press." he worries that the republican party won't stand a chance if clinton makes another run for president. >> she's a very formidable as a person and is a very confident person. she is married to the most popular democrat in the country. they both think it would be good for her to be president. that makes it virtually impossible to stop her for the nomination i think, and i thought she was frankly going to be a nominee in '08. every republican should be focused on what we're talking about. if their competitor in '16 is going to be hillary clinton and supported by bill clinton and barack
we cannot allow the reckless position drive this economy into another recession, a recession the republicans will own. >> a white house aid says they have kept the press's schedule open as you would expect. >>> despite these contentious fiscal cliff negotiations there's one thing democrats and republicans can agree on. as of today hillary clinton would be an unstoppable candidate if she runs for president in 2016. even former speaker newt gingrich was praising the secretary of...
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but the global economy. it would probably kick-fire a fantastic christmas for american businesses and everyone could go to christmas and have a great holy with their family and be grateful to republicans and democrats but if we don't get to christmas with a deal, it's going to ruin everybody's christmas, going to ruin everyone's economy and everyone is going to hate every politician. >> one of the things that we talked about today was the need for certainty, particularly for the business community. we all want the business community to be investing to hiring and as long as there's a lack of clarity in terms of what it's looking like going forward, they're less likely to do that. the other thing we talked about and this is something governor scott walker of wisconsin brought up, we're concerned not just about the fiscal impact but we're also concerned about economic growth. as governor herbert said, we all want to see growth and the president was very interested in that. we talked about, for example, infrastr
but the global economy. it would probably kick-fire a fantastic christmas for american businesses and everyone could go to christmas and have a great holy with their family and be grateful to republicans and democrats but if we don't get to christmas with a deal, it's going to ruin everybody's christmas, going to ruin everyone's economy and everyone is going to hate every politician. >> one of the things that we talked about today was the need for certainty, particularly for the business...
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do you need the economy to be in free fall to get these guys to take some action? unfortunately given the past record, that can't be ruled out. >> yeah. when it comes to cuts, especially on medicare, that whole conversation has to be had. here's what dick durbin said on "meet the press." >> i do believe there should be means testing. those of us with higher income and retirement should pay more. that could be part of the solution. but when you talk about raising the medicare eligibility age there's one key question. what happens to that early retiree. ? what about that gap in coverage between their workplace and medicare? >> jackie, are democrats getting away with giving way less on this deal? >> i don't think we know yet. i think there's going to be -- there's going to be a lot of arguments within the democratic party about some of the entitlement reforps. i don't think we've seen that yet because we've been so wrapped up in the tax cut part of it. yeah. we haven't gotten there yet. it's no doubt that's going to be a matter of contention in the democratic party as
do you need the economy to be in free fall to get these guys to take some action? unfortunately given the past record, that can't be ruled out. >> yeah. when it comes to cuts, especially on medicare, that whole conversation has to be had. here's what dick durbin said on "meet the press." >> i do believe there should be means testing. those of us with higher income and retirement should pay more. that could be part of the solution. but when you talk about raising the...
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we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound
we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition...
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economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it.
economy and if the u.s. economy slows down, dramatically, that spreads like wildfire across the rest of the world. so it's not a couple hundred thousand jobs in the u.s. we're talking about tens of millions of jobs around the world and in an unstable world, i think we have to look beyond -- beyond ideology and get to a solution. >> i would take the clinton tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to...